Markets

Toro Appoints President, COO Edric C. Funk As President, CEO, Effective Nov. 1, Succeeding Richard M. Olson, Who Will Become Executive Chairman

Jul 22, 2026 · 04:38 PM ET· updated 2h ago

The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today announced a leadership transition as part of its long-term, succession planning process. On July 21, 2026, the

Why It Matters

Toro is promoting Edric Funk from President to top leader (CEO) starting November, while the previous leader moves to a different role. This shows the company planned ahead and believes Funk is ready to guide the company forward.

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